Trevian expands its care property business with a new 140 M€ fund

By Trevian / July 25, 2014Press releases

Trevian expands its care property business with a new 140 M€ fund

Trevian Asset Management Oy has on 18 June 2014 launched a new real estate equity fund Trevian Care II Ky. The new fund is the successor fund of Trevian Care I Ky, Trevian’s first fund investing in care properties, which has sold all its assets and will not make any new investments. The first fund has produced a return of more than 9 % to its investors. Now Trevian continues its care property investment business with the new fund.

The investors of the first fund have given commitments to Trevian Care II and the fund is open for other institutional investors as well. The second closing is expected in Autumn 2014. The strategy of Trevian Care II Ky is to acquire Finnish real estate used by care sector, day care and other public services and the fund aims at building up a portfolio of 140 M€. In connection with the first closing Trevian Care II Ky acquired a 20 M€ care property portfolio.

”Trevian sees significant potential in the care property market. The Finnish care sector is growing fast and the need for new investments is great. We want with our contribution to participate in developing and supporting the growth possibilities and needs of the care sector together with the care operator companies and municipalities. The launched fund offers institutional investors an easy and efficient way to channel their investments into care properties”, comments Reima Södervall, managing director of Trevian Asset Management Oy.

Trevian Asset Management Oy is a Finnish investment and asset management company specializing in commercial properties. The company was established in 2012 and is owned by its key personnel. The company produces actively managed real estate equity funds and asset management services optimized for its customers. The services are focused especially for institutional real estate investors, banks and other professional investors. Trevian’s assets under management exceed 550 M€.